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Sign up freeDelaware Gazette And American Watchman
Wilmington, New Castle County, Delaware
What is this article about?
Liverpool, England, faces economic depression from unprofitable trade, high taxation, and low wages, leading to 900 vacant houses in one district despite rapid population growth.
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Full Text
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Where did it happen?
Foreign News Details
Primary Location
Liverpool, England
Outcome
nine hundred houses to be let in the south-eastern district; whole streets untenanted due to economic factors preventing householders from affording new homes.
Event Details
Liverpool's rapid growth, driven by trade with this country, has stalled amid general business depression in England. The housing market suffers, with 900 empty houses in one district from overbuilding relative to population's financial means, exacerbated by unprofitable trade, taxation, and low wages keeping people in crowded lodgings.